Gambling Revenue of Latvia Increases in H1 2019

Gambling Revenue of Latvia Increases in H1 2019Reading Time: 1 minute


Gambling revenue of the regulated Latvian market has increased 14.7% year-on-year to €154.5m (£142.0m/$172.1m) in H1 2019.

Revenue during H1 2019 was up from €134.6m. The income from gambling also increased 15.2% from €99.9m to €111.5m. Gambling machines were the main source of income for licenced operators, generating a collective €111.5m, which is up 11.5% on the same period last year.

The interactive gambling income increased 38.8% year-on-year from €18.2m to €25.4m as more consumers turned to online gaming. Online casino games were the most popular form of iGaming activity during H1, with income up 40.1% to €18.1m.

The online betting income was up 35.3% to €7.1m, while card tournaments income increased 65.9% to €193,482. The income from table games increased 2.6% to €8.1m, while bingo income was up 37.0% to €123,000 in H1 2019.

Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.